There is a recession? Just got a 3rd contract to contend with, I really should think about employing someone... Even my physio says I should employee an extra per of hands to undo the stress...
It's only for the next 4 weeks, I can do it...
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Reply to: Is the recession over?
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Previously on "Is the recession over?"
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From A sovereign vulnerability scorecard
...the last time Britain had to be bailed out — by the IMF in December 1976 — the cyclically-adjusted primary deficit and the debt to GDP ratio were only 4 per cent and 53 per cent, respectively. They’re 7 per cent and 78 per cent now.
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Originally posted by Menelaus View PostThe big dip is coming in 2011/2012 when big corporates are unable to refi their debt because the ratings and the data on which a refi package would be built is so volatile as to be thoroughly misleading.
Perhaps not now, but when interest rates go up?
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Originally posted by HairyArsedBloke View PostThat is inconsistant with 2/3 above.
However, hyperinflation will probably not hit with a bang.
I am suggesting that there will be enough time to move your money into USD/Euro when the tulip hits the fan. You then have enough hard currency to buy goods.
If you have no currency you are now probably having just assets to sell to survive.
Mind you, when hyperinflation hits, everything will be traded in alternative currency, USD/Euro/Gold.
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Originally posted by fullyautomatix View PostThis recession will get a lot more worse when
1) Government cannot borrow anymore since the credit card is maxed out.
2) Pound sterling loses considerable value.
3) Hyperinflation due to 2)
4) Public sector employees are laid off en masse and are unable to get a job in private sector.
5) Private sector companies leeching off government contracts go bust.
6) House prices fall by 50%
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.
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Originally posted by fullyautomatix View PostThis recession will get a lot more worse when
1) Government cannot borrow anymore since the credit card is maxed out.
2) Pound sterling loses considerable value.
3) Hyperinflation due to 2)
4) Public sector employees are laid off en masse and are unable to get a job in private sector.
5) Private sector companies leeching off government contracts go bust.
6) House prices fall by 50%
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.
Leave a comment:
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Originally posted by fullyautomatix View PostThis recession will get a lot more worse when
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.
Permission to enter smug mode sir?
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Originally posted by fullyautomatix View Post
So who will get out of this alive?
Won't hyper inflation **** over people with savings & no debt?
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Originally posted by fullyautomatix View Post...
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.
2) Me, but a bit late in the day.
3) Yeah, people that keep their highly paid jobs will do well out of the recession, e.g. doctors.
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This recession will get a lot more worse when
1) Government cannot borrow anymore since the credit card is maxed out.
2) Pound sterling loses considerable value.
3) Hyperinflation due to 2)
4) Public sector employees are laid off en masse and are unable to get a job in private sector.
5) Private sector companies leeching off government contracts go bust.
6) House prices fall by 50%
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.
Leave a comment:
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I'm getting a very smug feeling reading this thread and realising how many good decisons I've made over the years.
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